US Tech Stocks Are Luring Indian Retail Investors Despite Rout
- Tesla, Amazon, Apple among top buys on Vested Finance platform
- Nasdaq 100 Stock Index’s April-June decline worst since 2008
Indian retail investors have boosted holdings of Tesla Amazon and Apple.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
The worst rout in more than a decade for the US tech-focused Nasdaq 100 Stock Index has turned into a buying opportunity for Indian retail investors, who boosted holdings of Tesla Inc., Amazon.com Inc and Apple Inc.
That’s according to Vested Finance, which runs a platform that helps Indians buy and sell offshore stocks and exchange-traded funds. Total buy volumes for all US stocks in the June quarter were twice that of the sales, the company said in a report, without providing the actual transaction value for the period.